114-0509/01 – Managerial Economics (MANE)
| Gurantor department | Department of Economics | Credits | 6 |
| Subject guarantor | Ing. Ondřej Badura, Ph.D. | Subject version guarantor | Ing. Ondřej Badura, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | winter |
| | Study language | English |
| Year of introduction | 2009/2010 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
- ability to apply general economic theory in business and managerial processes
- acquiring economic analysis of a firm
- acquiring economic analysis of demand
- ability to make decisions under risk and uncertainty
- understanding of prediction models within the corporate environment
Teaching methods
Lectures
Seminars
Individual consultations
Summary
The aim of the course is the ability of study – participants to apply general economic theory, mainly microeconomics, to business and managerial decision processes. The course creates platform for purposeful interconnection between traditional economic theory and the theory of decision making. In some sense the course of managerial economics represents the bridge between relatively abstract theoretical background of rational decision making and managerial practice. The emphasis is selectively laid on those microeconomic topics that are the most helpful to realistic interpretation of economic environment surrounding the firm. The natural focus of the course is represented by the theory of the firm. There are overlaps to management, marketing, psychology, macroeconomics, institutional economics and sociology.
Compulsory literature:
Recommended literature:
Additional study materials
Way of continuous check of knowledge in the course of semester
Credit for 15 points + exam for 85 points.
The conditions for students with individual study plan are the same.
E-learning
https://lms.vsb.cz/
Other requirements
study recommended literature
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1.-2.-3. Theory of consumer‘s behaviour (theory of demand, elasticities and their practical implications)
4.-5.-6. Theory of firm‘s behaviour (costs, economies of scale and economies of scope)
7.-8.-9. Market structures (decision making in different market structures, games theory)
10.-11.-12. Imperfect and asymmetric information (risk and uncertainty, decision making process with imperfect information, moral hazard and adverse selection)
13.-14. Firm in macro environment (interaction between firms and central authorities, public choice theory)
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction